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The following information was taken from the accounts of Healthy Eats, a delicatessen, at December 31, 2013. The accounts are listed in alphabetical order, and each has a normal balance.
Accounts payable ............$1,200Accounts receivable ........... $800Advertising expense ...........$400Cash .................$820Common stock .............$400Cost of goods sold ..........$1,200Interest expense ...........$140Merchandise inventory .........$900Prepaid rent ..............$80Retained earnings ...........$1,000Sales revenue ............$2,000Salaries expense ...........$260Rent expense ............$220Loss on sale of land ...........$50Required:
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